Topic: [ANN] NEXT.exchange hybrid cryptocurrency exchange platform. - page 2. (Read 30539 times)

We're also proud to announce that the public testnet is now live.

What is a masternode?

A masternode (MN) is simply a cryptocurrency full node or computer wallet that keeps a full copy of a given Blockchain in real-time. For example, the Bitcoin Blockchain has full nodes that are always up & running.

But, masternodes are considerably different in their functionality than are normal nodes. The NEXT. Chain is based on the Bitcoin Core Blockchain, with additional modifications. We have also adopted certain features from DASH i.e Masternodes, InstantSend, PrivateSend and Governance Proposals. Our aim is to achieve a fast and extremely cost efficient decentralized network for our exchange. We combine Proof of Work and Proof of Stake consensus algorithms. Our Network is a two-layer network.

Some of the special functions that these nodes perform are:

Blockrewards (45% PoW miners, 45% masternodes, and 10% superblocks. Masternodes receive seniority rewards based on their long term services).
Increasing privacy of transactions
Executing instant transactions
Participating in governance and voting
Enable budgeting and treasury system in cryptos
Passive income for supporting a Blockchain network.

NEXT. Chain masternodes are not standalone. Instead, they are always communicating with other such nodes to uphold a decentralized network. PoS and PoW consensus mechanisms have their individual advantages and disadvantages. PoW is more secure, it requires computer hardware, computational power, and energy costs for upholding a Blockchain network and verifying data. PoS does not require computational calculations or costly computer hardware. Rather, it relies on staking coins to uphold a network. The PoW aspect utilizes the SHA256 algorithm for maintaining the Blockchain, while the PoS part requires Masternodes.

More information on the above attributes can be found below;

Proof-of-Work
Proof-of-Stake
SHA256 Algorithm
Masternodes


What does it take to run a masternode?

Just like full nodes in a cryptocurrency, MN’s can be run by anyone. However, there is an entry barrier in place to ensure that the system does not become malicious. The entry barrier is what one needs to commit or collateralize certain units of that particular cryptocurrency to run a MN.

This is done to ensure that an MN owner does not cheat or corrupt the system and the best of doing so is by putting this entry barrier where the masternode operator has something at stake.

So, naturally, it becomes less likely that a masternode operator will cheat due to having something at stake. If a masternode operator chooses to be malicious, he will be punished in the form of devaluation of his or her own HODLings.

Now that you have understood the concept of masternode, let’s jump to what one needs to set it up:

Collateral of 25,000 NEXT is required to run one masternode
A VPS or dedicated server to host the masternode, 24 x 7
A dedicated public IP address
Up to 50GB of storage space for the Blockchain
Our verification, including Know Your Customer (KYC) verification
These are pretty much standard requirements for most masternode cryptocurrencies.

Now I know some you might be thinking that in order to meet all the above requirements, one needs to spend quite a bit of money. But, how can one profit?

This takes us to the next section of this write-up, which provides further clarity on the topic.

How are masternodes useful for cryptocurrency investors?

Masternodes are very useful for crypto investors because they provide monetary incentives. One can earn weekly or monthly interest on their cryptoholdings by running a masternode.

Our goal is to create a secure and fast system which will act as the backbone for all of our ecosystems transactions. Keeping in mind a circulating supply of around 3 million NEXT, it’s quite possible that our Masternode network will only consist of 30 to 60 masternodes during inception. By combining the best of PoS and PoW, will allow us to avoid security issues experienced by PoS networks harbouring a small amount of nodes.

We see holding a NEXT masternode as a rather exclusive and potentially profitable venture. Additionally, masternodes posses voting rights, which allows them to decide on directions in which our ecosystem grows and develops. Due to the network being rather small at the start, we will aim to restrict the quantity of masternodes obtainable by a single user to 1 masternode. To do so, we will require potential node holders to pass Know Your Customer (KYC) procedures.

Apply for a masternode

We select masternodes on a first come, first serve policy. Once you apply, and hold over 25,000 NEXT, we will run a check to ensure that all of the requirements to run a masternode are satisfied. As soon as we run out checks, and if you are approved, we will send you further information and custom scripts to set up a masternode.

Please login to apply for a masternode.

Hello, thanks for that - For future reference, best way to open a support or raise a support issue is to email us or join us on Telegram.
The issue has been fixed, so if you'd like to try again and let me know how it goes, that'd be great.

If the 2FA issues does infact arise (Different issue but related); please login as usual then click the reset 2FA link on the 2FA screen - This will then send an email containing the reset link.

Hope it all works out!

Hey, due to unforeseen circumstances - our original NEXT account on Twitter was "banned", however we do have a new one which can be found here: https://twitter.com/Hybrid_Next.

In regards to your original question; yes the platform is up and running!

Its another hybrid exchange platform, something similar to another hybrid exchange. Good project too.

NEXT.Exchange - The World's Leading Cryptocurrency Trading Platform, With over 150+ cryptocurrencies and multiple fiat gateways.

One more thing,
NEXT.exchange is a public company registered in the Netherlands, as well as a Limited company in England and Wales. Our team is composed of highly experienced individuals and successful entrepreneurs.

NEXT is listed on Crex24. Can get it more!

Activating account error occurred. This link > https://ww2.next.exchange/activate/a5a495ef02e6ab8b2efbff416a810c01afa63efc (404 Not Found) When I click activation link.

Please fix the problem as soon as possible.


Best Regards

Okane Satoshi
1/1/2019/W1/#3

Is the next exchange platform operational? I also searched for the official Twitter account but did not find it because it was stopped!!

Coinmarketcap, finally!
This is just the beginning!
We are most active on Telegram: https://t.me/next_exchange

another good news come to this project, because now this project added on coinmarketcap
https://coinmarketcap.com/currencies/next-exchange
i hope the price will growing soon 

Thanks for your support!

In the near future Next exchange will launch its own trading platform, deploying its own blockchain, and working on building liquidity and expanding market presence. Considering there is a lot of good news will come, but the price of the Next Token is still undervalued, I think this is a good opportunity to buy and hold it from now on.

Exchange expected EOY
Own Blockchain coming soon.
https://twitter.com/Hybrid_Next/status/1065596112344621056

Update for beta testers.
https://twitter.com/Hybrid_Next/status/1064882874913034240

Our escrow feature is almost complete!
https://twitter.com/Hybrid_Next/status/1062638805105238016

Weekend recap:

-Work is being done on API's.
-Mobile applications underway (iOS/Android).
-ERC20 Node update.
-Escrow almost done. Should be sometime this week.

Update:

-Ongoing beta testing w/ community volunteers.
-Trading page design update almost done.
-Stop Limit/Loss, market, and OCO in process. Expected in Public 1.0 or 1.1
-Social trading aspect also in the works. Almost done.
-Escrow feature almost done.

Post covering our token, its perks, and uses.
https://twitter.com/Hybrid_Next/status/1062025745155964928

We've got a new twitter.
https://twitter.com/Hybrid_Next

Hmmm... heres a recommendation for you.
Check your statement or your facts. Both are wrong.

how much longer do we have to wait until NEXT token listings in other exchanges and platforms are ready for public use?
because it's been almost 1 year running but there is no good progress

A little smth smth special 
https://twitter.com/NextExchange/status/1055126598813450240

New beta testers just in!
https://twitter.com/NextExchange/status/1055122214901702657